Calculate the percentage change in GDP from 1970 to 1990, and from 1990 to 2010. Use annual GDP from bea.gov.
GDP 1970 = _________________, GDP 1990 = ____________________, % change = ___________
GDP 1990 = _________________, GDP 2010 = ____________________, % change = ___________
Calculate the percentage change in real GDP from 1970 to 1990, etc. Use annual GDP in chained dollars from bea.gov.
RGDP 1970 = _________________, RGDP 1990 = ___________________, % change = ___________
RGDP 1990 = _________________, RGDP 2010 = ___________________, % change = ___________
Calculate the implicit GDP deflator for 1970, 1990, 2010. Show how you calculated it for 1965:
Work for 1970:
Calculate the % change in the deflator:
DEFL 1970 = _________________, DEFL 1990 = ___________________, % change = ___________
DEFL 1990 = _________________, DEFL 2010 = ___________________, % change = ___________
Go to the Statistical Abstract of the United States 2012. Click on Money Stock, Interest Rates, Bond Yields. Get data on M1 for 1970, 1990, 2010 and calculate the percentage changes from 1970 to 1990 etc.
M1 1970 = _________________, M1 1990 = ___________________, % change = ___________
M1 1990 = _________________, M1 2010 = ___________________, % change = ___________
Look at Table 1198 in that same section and fill in the blanks below. Use the rate for Corporate (Moody's):
rate 1970 _____________ rate 1980 _______________ rate 1990 ________________
rate 2000 _____________ rate 2010 ________________
Note: to get the GDP data go to bea.gov. Click on "National." Click on "Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables." Click on "Begin using the data..." The GDPs are in Section I. You want the data in Gross Domestic Product and Real Gross Domestic Product, Chained Dollars. The implicit deflators are in Implicit Price Deflators for Gross Domestic Product. Be aware: you can get the deflators I ask for from this table, but you must calculate the deflator for 1970 using GDP and real GDP.